Net general fund revenues totaled $1.332 billion in July, $178 million (15.4 percent) more than projected. Net receipts from all major tax types for the month exceeded the projection. July is the first month of FY 2021, so the fiscal year variance is the same as the monthly variance.

Note: All results are preliminary and subject to revision. Monthly revenue variances should be interpreted with great caution. Wide swings in variances may be caused by variations in the rate at which receipts are received and processed and differences in the rate at which refunds are issued.